By Sai Ishwarbharath B BENGALURU (Reuters) – U.S. aerospace and defence giant RTX Corp plans to hire 1,000 more people to its 7,000-strong workforce in India by 2027, its top executives told Reuters, as it looks for more engineers and data scientists to power its global operations. The jobs will be added across RTX’s units, …
RTX aims to boost India headcount by 14% in 3 years, execs say Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee may dip past 85 for the first time on Thursday after Federal Reserve officials signalled fewer rate cuts in 2025, sending the dollar index to its highest in two years. The one-month non-deliverable forward indicated that the rupee will open at 85.04-85.06 to the U.S. dollar …
Rupee may weaken past 85/USD on Fed’s ‘decidedly’ hawkish turn Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India extended the suspension of trading in derivative contracts for key farm commodities until January, as the world’s largest importer of vegetable oils and a major producer of wheat and rice seeks to curb food inflation. The Securities and Exchange Board of India (SEBI) initially ordered a year-long suspension …
India extends halt on futures trading in key farm commodities until January Read More »
By Brijesh Patel, Sherin Elizabeth Varghese (Reuters) -Gold slipped more than 2% to a one-month low on Wednesday after the U.S. Federal Reserve lowered interest rates as expected, but noted it will slow the pace at which borrowing costs fall any further, boosting the dollar and bond yields. Spot gold was down 2.1% at $2,589.91 …
Gold falls more than 2% after Fed signals rate-cut slowdown in 2025 Read More »
MUMBAI (Reuters) – India’s market regulator late on Wednesday issued tighter regulations for merchant bankers and initial public offerings (IPOs) by small businesses, mandating that entities listing should have been profitable in recent years. The Securities and Exchange Board of India’s (SEBI) tighter rules followed a boom in IPOs by small- and medium-sized firms, which …
India’s market regulator tightens rules for IPOs of small firms Read More »
(Reuters) – Italian stationery maker FILA has initiated the sale of up to 4.57% of shares in its Indian unit DOMS, it said on Wednesday. The stake sale is being conducted through an accelerated bookbuilding (ABB) process starting on Wednesday, offering up to 2,773,407 ordinary shares in the Indian firm, FILA said. “The placement is …
Italian stationery maker FILA cuts stake in listed Indian unit DOMS Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – India’s sugar mills can easily export up to 2 million metric tons of the sweetener this season as domestic supply prospects improve and local prices show a downward trend, the head of a leading industry body said on Wednesday. “The supply situation looks better than initially expected, which …
Indian mills can export up to 2 million tons of sugar this season, industry says Read More »
By Rajendra Jadhav and Rahul Paswan MUMBAI (Reuters) – Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. “I wanted to gift my daughter 80 grams of gold, but I was forced to scale it down to 50 grams because of …
Indians opt for lighter, lower carat jewellery as gold prices soar Read More »
NEW DELHI (Reuters) – The Indian government’s net direct tax collection grew over 16% year on year to 15.8 trillion rupees ($186.07 billion) during the period April 1-Dec. 17, according to a government statement. Direct taxes, which include corporate and personal tax, grew over 20% to 19.2 trillion rupees on a gross basis during the …
India’s net direct tax collection rises over 16% y/y in April-December Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said. The rupee fell to 84.9550 against the U.S. dollar before closing at 84.9525, down 0.07%. …
Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities Read More »
